Kinbauri Board Issues no Recommendation on Revised Orvana Offer

The board of directors of Kinbauri Gold Corp. ("Kinbauri")(TSX
VENTURE:KNB)(FRANKFURT:3KG.DE) today advised that it intends to issue no
recommendation with respect to the revised offer of Orvana Minerals Corp.
("Orvana"). On July 21, 2009, Orvana raised its all-cash offer for Kinbauri to
C$0.75 per share from C$0.55 (the "Orvana Offer"). The Orvana Offer will expire
at 11:59 pm (Vancouver time) on July 31, 2009, unless withdrawn or extended.


On July 12, 2009, Kinbauri announced that it had signed a binding letter
agreement with ATW Gold Corp. (TSX VENTURE:ATW) ("ATW") to combine the two
companies at the agreed exchange ratio of 1.35 ATW shares per Kinbauri share
(the "Proposed Arrangement"), which implies a purchase price of C$0.85 per
Kinbauri share using closing share prices on July 10, 2009. Since entering into
the letter agreement, ATW has been involved in negotiations to provide equity
financing for ATW to support the Proposed Arrangement. It is a condition of the
letter agreement that Kinbauri is satisfied with those equity financing
arrangements, and Kinbauri has been kept informed by ATW during the course of
ATW's negotiations for said equity financing. As a result, the Kinbauri board
believes that it needs more time before being in the position to make a formal
recommendation to shareholders.


Kinbauri will file today a Notice of Change to its Directors' Circular, which
was dated June 9, 2009, and mail the Notice of Change to shareholders
thereafter. Kinbauri's board is advising shareholders to consider the Orvana
Offer and the Proposed Arrangement, the matters referred to in the Notice of
Change and other factors that are important to each shareholder and urges them
at this time to seek independent advice and/or make their own decision regarding
whether to accept or reject the Orvana Offer. In order to permit shareholders to
make an unfettered decision, Kinbauri's board has waived the applicability of
Kinbauri's shareholder rights plan. Shareholders do not need to take any action
if they do not wish to accept the Orvana Offer.


For questions, please contact Laurel Hill Advisory Group, the Information Agent
retained by Kinbauri in connection with the Orvana Offer, toll free at
1-888-812-9184 from anywhere in Canada or the United States and collect at
416-637-4661 from outside North America.


About Kinbauri

Kinbauri (TSX VENTURE:KNB) is a mineral exploration company focused on the
development of precious metal prospects in Spain, Nevada and Canada. Its
immediate focus is to begin operations at its El Valle/Carles property in
Asturias, northwestern Spain in 2010. It currently has 59,348,051 common shares
issued and outstanding. For more information visit www.kinbaurimaximized.com or
www.kinbauri-gold.com.


This press release contains certain forward-looking statements, which are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected.
Kinbauri undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.